Amsterdam Bitcoin Treasury Strategy (AMBTS) has entered the market with a €20M ($23.2M) raise led by Dutch crypto-asset manager Amdax. Funds from the private placement will seed one of Europe’s first dedicated bitcoin treasuries, with a public listing on Euronext Amsterdam in the works.
The company’s long-term ambition is to accumulate at least 1% of all bitcoin in circulation, establishing itself as a leading institutional-scale BTC reserve. Notable backers include Marc van der Chijs, the founder of miner Hut 8.
